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Sat, Mar 20, 2004

Aero-News Quote Of The Day (03.20.04)

Aero-News: Quote of the Day

ANN's Quote of the Day usually derives from current news, though we reserve the right to pick quotes out of history that have a bearing on the day's events and issues.

Sometimes, you'll find them timely and in keeping with the content of the day's news... and sometimes, they'll just be thought-provoking.

Reader suggestions and comments are welcome... and if particularly intriguing, timely, or poignant, may themselves become future Quotes of the Day.

Let us hear from you, folks!

Aero-News Quote of the Day

"Based on the information available, it is the FAA's determination that the Town of Ocean City has not adhered to the interim agreement."

Source: FAA Airports Division Manager William Flanagan, in a letter to the town of Ocean City (MD). At issue is a golf course bought by the city with FAA grant money. Since the land for that golf course was purchased almost two decades ago, the town has agreed to put 10% of its operating revenues into a fund for the local airport and direct all airport growth toward the course. That hasn't happened. Now, if Ocean City doesn't pay $13.3 million into the airport fund and provide a strict accounting of golf course revenues for the past six years, the FAA says it will not only send the matter to the DOT Inspector General, but will cut off all grant money earmarked for Ocean City -- between $100,000 and $500,000 a year.

FMI: www.ococean.com/airport.html

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